TD Cowen Cuts Algonquin Power & Utilities (NYSE:AQN) Price Target to $6.00

Algonquin Power & Utilities (NYSE:AQN) had its price objective decreased by TD Cowen from $6.50 to $6.00 in a research note released on Monday morning, MarketBeat Ratings reports. TD Cowen currently has a hold rating on the utilities provider’s stock.

A number of other research analysts have also recently issued reports on the stock. Weiss Ratings cut shares of Algonquin Power & Utilities from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 6th. National Bank Financial set a $7.50 price target on Algonquin Power & Utilities in a research note on Wednesday, January 7th. Wall Street Zen raised Algonquin Power & Utilities from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Zacks Research upgraded Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a report on Friday, January 23rd. Finally, Janney Montgomery Scott set a $7.00 price target on Algonquin Power & Utilities in a report on Monday, November 10th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $6.63.

Algonquin Power & Utilities Stock Performance

Shares of AQN opened at $6.29 on Monday. The stock has a 50-day moving average of $6.54 and a 200-day moving average of $6.09. Algonquin Power & Utilities has a one year low of $4.45 and a one year high of $7.11. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.98. The company has a market cap of $4.83 billion, a PE ratio of 27.33 and a beta of 0.75.

Algonquin Power & Utilities (NYSE:AQN) last announced its quarterly earnings data on Friday, March 6th. The utilities provider reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Algonquin Power & Utilities had a return on equity of 5.47% and a net margin of 7.32%.The firm had revenue of $630.70 million during the quarter, compared to analysts’ expectations of $625.77 million. During the same quarter last year, the firm posted $0.06 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Algonquin Power & Utilities has set its FY 2027 guidance at 0.380-0.420 EPS and its FY 2026 guidance at 0.350-0.370 EPS. On average, equities research analysts predict that Algonquin Power & Utilities will post 0.38 EPS for the current fiscal year.

Algonquin Power & Utilities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.065 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.26 annualized dividend and a dividend yield of 4.1%. Algonquin Power & Utilities’s dividend payout ratio is currently 113.04%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AQN. EdgePoint Investment Group Inc. raised its stake in shares of Algonquin Power & Utilities by 32.6% during the 4th quarter. EdgePoint Investment Group Inc. now owns 81,727,385 shares of the utilities provider’s stock worth $502,563,000 after purchasing an additional 20,074,709 shares during the period. Principal Financial Group Inc. bought a new stake in Algonquin Power & Utilities in the fourth quarter worth about $74,263,000. Norges Bank purchased a new position in Algonquin Power & Utilities in the fourth quarter valued at about $67,065,000. Ariel Investments LLC grew its position in shares of Algonquin Power & Utilities by 88.6% during the 2nd quarter. Ariel Investments LLC now owns 13,112,831 shares of the utilities provider’s stock valued at $75,137,000 after acquiring an additional 6,160,490 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in Algonquin Power & Utilities by 65.0% in the first quarter. Goldman Sachs Group Inc. now owns 12,205,756 shares of the utilities provider’s stock valued at $62,738,000 after purchasing an additional 4,808,539 shares during the last quarter. Institutional investors own 62.28% of the company’s stock.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp (NYSE: AQN) is a diversified generation, transmission and distribution utility company headquartered in Oakville, Ontario. Established in 1988, the firm operates through two primary business segments: Regulated Utilities and Renewable Energy. Its Regulated Utilities segment comprises electric, natural gas and water distribution networks serving residential, commercial and industrial customers across North America, while its Renewable Energy portfolio includes hydroelectric, solar, wind and thermal generation facilities.

The company’s renewable energy assets span multiple jurisdictions in Canada and the United States, reflecting its strategy to expand clean power capacity in regions with supportive regulatory frameworks.